Proactive Investors - Run By Investors For Investors

Lithium Australia's purchase of Sadisdorf further aligns it to European EV industry

Lithium Australia NL (ASX:LIT) managing director Adrian Griffin speaks to Proactive Investors about the integrated battery metal producer’s recently announced purchase of the Sadisdorf Lithium Tin Project in Saxony, Germany from Tin International AG.

It was a farm-in and joint-venture with Tin International. The recent drilling that we’ve done does confirm the size of the deposit, and it’s open, so will grow... We’ve looked at the mineralogy, we know what the lithium distribution is, we’ve got access to underground workings so we’ve re-sampled much of that. So we can see the deposit in three dimensions, you can walk through it, and that gives you a lot of confidence. Not only that, we have produced lithium concentrate from it, and taken that right through to the extraction of lithium. So we see it as relatively low risk," says Griffin.

 
View full LIT profile View Profile

Lithium Australia NL Timeline

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use